Regulatory Alerts2011-04-29
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Bulletin 2462 - April 29, 2011
The Connecticut Department of Banking issued enforcement orders against three entities for regulatory violations. U.S. Mortgage Funding Incorporated was ordered to cease and desist from unlicensed debt negotiation and pay a $40,000 civil penalty for charging fees exceeding $500. Hawthorne Capital Corp had its mortgage lender license revoked and refused renewal, and was fined $2,500 for failing to maintain a required surety bond. First World Mortgage Corporation entered a consent order to pay a $5,000 penalty for employing an unlicensed mortgage loan originator.
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